Guidelines on the procedure to be followed for seeking information from Financial Intelligence Unit-India (FIU-IND) and confidentiality to be maintained in handling such information

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....IND) is the designated authority under Prevention of Money laundering Act, 2002 (PMLA) to receive information from different reporting entities. Accordingly, it has a database of, inter alia, bank accounts and transactions therein, transaction in securities, insurance premium paid on policies etc. 2. FIU-IND shares information spontaneously and on request basis with, inter alia, CBDT under Section 66 of PMLA. Also, Central Board of Direct Taxes (CBDT) and FIU-IND have executed Memorandum of Understanding (MOU) for exchange of information. On the basis of these, Income Tax authorities under CBDT can seek information from FIU-IND for both domestic bank accounts etc as well as those from foreign countries. Such information may be extremely us....

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....covery), Mayur Bhawan (6th Floor), Connaught Circus, New Delhi- 110001 (Only for recovery of demands) (ii) Deputy Secretary/ Director (Investigation IV), Central Board of Direct Taxes, ARA Centre (Ground Floor), E-2, Jhandewalan Extension, New Delhi -110055 (For investigation to obtain the details of enquiries/assessments) 4.1. The Director of Income Tax (Recovery), Mayor Bhawan (6th Floor), Connaught Circus, New Delhi -110001, is the Nodal Officer on behalf of CBDT for exchange of information with FIU-IND in the matter of recovery of tax demands under direct tax laws. Accordingly, Income Tax authorities the field formations, intending to seek information from FIU-IND about bank accounts or transactions therein/ insurance policies and pr....

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.... Egmont group based in the Hague. To seek information from foreign countries through FIU-IND, requests, may be made to the Deputy Secretary/ Director (Investigation IV), ARA Centre (Ground Floor), E-2, Jhandewalan Extension, New Delhi - 110055, DS (Inv IV) will take up the matter with FIU. 6.1. It may be noted by all Income tax authorities in field formations that information received from FIU-IND is confidential and utmost confidentiality must be maintained in handling and custody of such information. It should be protected from unauthorised use and proliferation and kept confidential. The information received from FIU-IND, domestic as well as foreign, shall be treated as intelligence and the same may be further developed by the departmen....